According to the monitoring of the commodity market analysis system of SunSirs, the PVC spot market continued to decline last week (8.12-16). As of Friday, the average price of SG-5 PVC carbide method in China was 5,260 RMB/ton, with a price drop of 0.94% during the week.

Last week, the PVC spot market performed poorly, with prices continuously falling. Currently, it has not yet exited the downward channel. With the decline of the futures market, the spot PVC market has generally followed suit, and combined with supply and demand, there is a certain pressure on the market. The pressure on market shipments has increased, and dealer offers have repeatedly hit low points. Downstream procurement is mainly based on spot prices, with low enthusiasm for inquiry based procurement and a sluggish market atmosphere. The hanging order price is relatively low. Overall, it is still mainly driven by basic needs, and the trading atmosphere is average. As of now, the quotation range for PVC SG5 electric aggregate in China is mostly around 5,200-5,400 RMB/ton.

In terms of calcium carbide, the domestic price of calcium carbide has been declining since July. In August, the calcium carbide market remained weak and continued to hover at the bottom. There was no significant change in prices this week. According to data monitored by SunSirs, the price of calcium carbide fell or increased by 0 this week. Overall, the trading sentiment in the calcium carbide market was pessimistic during the week, and the situation of traders receiving goods was sluggish compared to before.

The PVC analyst from SunSirs believes that in the short term, PVC supply is sufficient, and both enterprise inventory and market inventory are at a high level. On the cost side, the upstream price of calcium carbide is weak, and the cost support is average. From the perspective of the futures market, the PVC futures market has shown weak performance in the later stage, which has affected the confidence of the spot market, and the spot market is generally bearish. Overall, it is expected that the PVC spot market will continue to fluctuate and consolidate within a certain range in the short term.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.